Co-Founder & Managing Partner at Goodwater Capital. Empowering exceptional entrepreneurs everywhere to change the world for good.
📈💸 Entrepreneurs with a proven track record, like Sean Rad, can access large funding rounds when starting a second or third venture. I asked Sean why he chose to only raise $3M for his new business when he could have easily raised $25M+. His answer…. Money and more people should be the LAST resort to solving a problem. #consumertech #consumertechexpert
Love this. Seen a lot of companies bloat themselves with massive fundraising rounds only to flounder because they don't actually spend time/learn how to go about solving the problems they have. More often than not, a Series B will not solve an issue with Product Market Fit or Churn, but throwing money at the problem (or, more often, overhiring sales reps to get "coverage") is not the solution.
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Identifying the right problems to solve is the most efficient what to solve what’s needed, and it’s rarely a function of capital
So good!
Such a profound perspective, Sean! It’s refreshing to see an emphasis on solving problems creatively rather than relying solely on money and manpower. This approach fosters innovation and sustainable growth. Kudos to you for setting a great example for entrepreneurs everywhere! 🌟👏
Discipline = freedom.
Chi-Hua Chien well said 👍
Deep. Especially in this environment.
Director of Marketing & Demand | Marketing strategy, Performance marketing
3wYall ever get into B2B tech